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Reil [10]
3 years ago
10

Swenson’s Ice Cream is doing business in Somalia. After three successful years of operating three ice cream parlors in the count

ry, the Somali government took over the three ice cream parlors and began operating them and keeping the money paid by customers.Which of the following terms applies to this action by the Somali government?
a. Sovereign immunity
b. Expropriation
c. Protectionism
d. Repatriation
Business
1 answer:
Lena [83]3 years ago
7 0

Answer: Option B

       

Explanation: In simple words, exporation refers to a process under which the state or  any other such authority take over any property from its owner. This could occur for any kind of social reasons.

In the given case, the ice cream parlors were the property of swenson's ice cream but the state took over it and starts operating it on their own.

Hence from the above we can conclude that the correct option is B.

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Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we
Leokris [45]

Answer:

The interest rate for capitalization purposes will be of 11%

Explanation:

The company will average all the debt oustanding during the year

1,050,550  x 13%   =     136,571.5

2,080,800 x 10%   =   208,080

<u>3, 831,200</u>  x  11%   = <u>  421, 432  </u>

6,962,550‬                 766,083.5

a debt of 6,962,550 dollars generates 766,083.5 dollars of interest:

principal x rate = interest

rate = interest / principal

766,083.5 / 6,962,550 = 0,110029 = 11%

4 0
3 years ago
Robert wants to hire more employees for his doggie day-care business. Which of
aliina [53]

Answer:make a list of responsibilities and tasks that need to be accomplished in the business

Explanation:

3 0
3 years ago
Production estimates for August for Jay Company are as follows:
dimaraw [331]

Answer:

c.$1,080,000 for A; $648,000 for B

Explanation:

For computing the total direct material purchase first we have to find out the production units which are shown below:

As we know that

Production units = Ending inventory units + sales units - beginning inventory units

= 9,000 units + 75,000 units - 12,000 units

= 72,000 units

Now the total direct material purchase for Material A and Material B is

For Material A

= 72,000 units × 3 lbs × $5 per lb

= $1,080,000

For Material B

= 72,000 units × 0.5 lbs × $18 per lb

= $648,000

Therefore, the third option is correct

4 0
3 years ago
How do changes in consumer income and tastes affect movement of the demand curve?
dezoksy [38]

Answer:

Explanation:

An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

4 0
4 years ago
According to Krugman, which of the following best indicates the dangers of a strategic trade policy?
Gwar [14]

Answer:

C.Occurrence of a trade war

Explanation:

Strategic Trade Policy depicts policy adopted by certain countries to effect strategic interactions between firms in an international oligopoly. These include policy instruments (export subsidy, import tariff) by trying to shift profits from international to domestic firms.It is likely to develop their firms status in international markets & raise level of domestic welfare.

Many economists are skeptical about government's analytical capacity to determine optimal amount of intervention, as per theory application. If non optimal (over protection intervention) is used, it might lead to risk retaliation by other international firms & action reaction leads to occurrence of trade (commercial) war.

8 0
3 years ago
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